Analyst and Investor Briefing on the Second Quarter of the Fiscal Year Ending March 31, 2011 (FY2011.3)

Analyst and Investor Briefing on the Second Quarter of the Fiscal Year Ending March 31, 2011 (FY2011.3)

Overview of Performance in the Second Quarter of FY2011.3

Performance in the First Half of FY2011.3

Performance by Business Segment in the First Half of FY2011.3

FY2011.3 1H Operating Income Analysis

Business Environment in the Second Half of FY2011.3 and Full Year Performance Forecast

Forecast for Performance in FY2011.3 (Full Year)

FY2011.3 Full Year Forecast for Performance by Business Segment

FY2011.3 Full Year Operating Income Analysis

Musical Instruments

Musical Instruments (Sales by Region)

Musical Instruments: Sales by Region

Musical Instruments: Sales by Product Category

AV/IT

Electronic Devices

Others

Capital Expenditure/Depreciation/R&D Expenses

Inventories

Balance Sheet Summary

In this report, the divs forecast for the Company's future performance have been calculated on the basis of information currently available to Yamaha and the Yamaha Group. Forecasts are, therefore, subject to risks and uncertainties. Accordingly, actual performance may differ greatly from our predictions depending on changes in operating and economic conditions, demand trends, and the value of key currencies, such as the U.S. dollar and the euro.